LA Jobless Rate Stuck In Double Digits

LOS ANGELES (CBS/AP) — The national unemployment rate dropped sharply in January to 9 percent, but Los Angeles and the rest of California saw virtually no improvement.

With unemployment hovering around 13 percent locally, the region continues to have a tough time rebounding from the recession — and some blame high taxes and over-regulation for the reluctance of firms to do business in the Golden State.